Enrolled House Bill (H) 4
Authored by: Rep. Matthew Lehman
Co-Authors: Rep. Edward DeLaney
Insurance matters. Removes a requirement for certain insurers to submit individual investments to the commissioner of insurance. Requires a captive insurer doing business in Indiana to register with the insurance commissioner and pay a tax of $2,500 per year. Removes a requirement that certain insurers submit in duplicate an application to do business in Indiana. Eliminates a provision requiring the outside of the envelope in which certain coverage notice is sent to policyholders to bear a certain statement. Changes, from March 15 to July 1 of each year, the due date for certain insurance holding company filings. Adds a National Association of ... Insurance Commissioners provision requiring domestic insurers to perform and annually report concerning certain risk management assessments. Establishes requirements for department of insurance regulation of motor vehicle service contracts. Specifies that insurance producers are not liable for harm or injury in relation to electronic delivery or nondelivery of insurance notices or documents. Makes conforming amendments.